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Daily Archives: October 8, 2018

Singapore Stocks Watch :SINGAPORE stocks fell on Monday evening’s exchanging resumption, with the Straits Times Index declining 15.41 focuses or 0.48 for each penny on the day to 3,194.38 as at 1.01pm.

Failures dwarfed gainers 222 to 84, or around eight securities down for each three up, as around 875.5 million securities worth S$432.4 million changed hands.

The most effectively exchanged counter was Advanced Systems Automation, which exchanged level at S$0.001 with around 38.3 million offers evolving hands.

Different actives included Nam Cheong with 23.9 million offers exchanged, unaltered at $0.011, and Thomson Medical Group with 21.9 million offers exchanged, rising 1.1 for each penny or $0.001 to S$0.088.

Dynamic record stocks by esteem included DBS Group Holdings, down 0.2 for every penny or S$0.06 to S$25.71; and United Overseas Bank, down 1.9 for each penny or S$0.52 to S$26.18.

SGX daily average esteem falls 13% in September from August, down 11% on year

THE day by day average estimation of securities exchanged on the Singapore Exchange (SGX) in September remained at S$971 million, which was down 13 for every penny from August’s figure, and furthermore, 11 for every penny bring down from that month in 2017.

Add up to securities advertise turnover remained at S$19.4 billion over September’s 20 exchanging days, down 17 for every penny from August and 11 for each penny from September 2017.

There were 21 exchanging days in August 2018 while there were 20 in September 2017.

Stock exchanging represented the vast majority of the exchanged an incentive on the SGX, while organized warrants and Daily Leveraged Certificates (DLCs) made up a littler bit.

Market turnover estimation of Exchange Traded Funds (ETFs) was S$188 million in August, around simply over half from August’s figure. Be that as it may, the figure is 12 for each penny higher contrasted with September 2017 on the back of selloffs in provincial values a month ago.

Market turnover estimation of organized warrants and DLCs was S$1.43 billion in September, down 21 for each penny from August, and 26 for every penny bring down from the year back period.

DLCs were propelled on the Singapore bourse in July 2017.

The aggregate market capitalization estimation of the 745 organizations recorded on the SGX remained at S$974.8 billion as toward the finish of September.

A month ago observed one new posting on the SGX, that of Vividthree Holdings on the Catalist board on Sept 25.

Vividthree, a virtual reality, visual impacts and PC created symbolism studio, raised S$12.95 million amid its first sale of stock.

There were 56 new bond postings that brought some S$24.44 billion up in September.

Add up to subordinates volume was 18.52 million, down one for every penny from August 2018, however up 16 for each penny from September 2017.

COMEX GOLD SIGNAL

INTERNATIONAL COMEX NEWS

Gold prices rose on Friday as the greenback pared back earlier gains after September’s jobs numbers came in lower than expected. Comex gold futures for December delivery rose 0.52% to $1,207.80 a troy ounce as of 10:20 AM ET (14:20 GMT),. The U.S. economy created less jobs than expected in September, but unemployment reached a 48-year low, indicating the economy was at full-employment.

Oil prices rose back toward four-year highs on Friday as traders anticipated a tighter market due to U.S. sanctions on Iran’s crude exports. Benchmark Brent crude oil (LCOc1) was up 30 cents a barrel at $84.88 by 0930 GMT. On Thursday, Brent fell by $1.34 a barrel or 1.6 percent, but the contract remains on course for a gain of around 2.5 percent for the week. U.S. light crude (CLc1) was up 50 cents at $74.83, reflecting a gain of more than 2 percent since last Friday.

The United States and the European Union must quickly flesh out their aim of cutting trade barriers, German Economy Minister Peter Altmaier said ahead of an EU trade meeting on Friday. U.S. President Donald Trump and European Commission President Jean-Claude Juncker agreed in July to hold back on threatened 25-percent car tariffs while the United States and Europe talked about cutting other trade barriers.

ECONOMY NEWS

Asset management and investment firms make up about half of the more than 100 finance companies that have applied to set up or extend operations in Ireland as a result of Brexit, the state agency competing to win foreign business said on Friday. The head of Ireland’s central bank said on Thursday that it is processing over 100 Brexit-related applications to authorize firms across sectors including investment management, banking, trading venues, payments and insurance.

U.S. job growth slowed sharply in September likely as Hurricane Florence depressed restaurant and retail payrolls, but the unemployment rate fell to near a 49-year low of 3.7 percent, pointing to a further tightening in labor market conditions. The Labor Department’s closely watched monthly employment report on Friday also showed a steady rise in wages, suggesting moderate inflation pressures, which could ease concerns about the economy overheating and keep the Federal Reserve on a path of gradual interest rate increases.

The United States is likely to succeed in shutting down the World Trade Organization’s supreme court because other WTO members are powerless to stop it, diplomats, lawyers and officials said at a conference in Geneva on Friday. The United States has blocked appointments of judges to the Appellate Body, throwing the WTO into crisis as it runs out of legal muscle to rule on international trade disputes.